I am purchasing an apartment in Chipping Campden. My Conveyancer is not listed on the bank solicitor list. Can I still retain my Chipping Campden conveyancing solicitor notwithstanding that they are not on the lender approved list?
Various options include
- Carry on with your existing Chipping Campden solicitor but your mortgage company will undoubtedly appoint a lawyer from their approved list. This will result in additional fees and likely delay.
- Choose a new conveyancing practitioner to act in the purchase, ensuring that they are on the mortgage company conveyancing panel.
- Convince your lawyer to pull out all the stops to join the bank’s conveyancing panel
At what point can the exchange of contracts take place for sale conveyancing in Chipping Campden and do I need to be at the conveyancers office?
Where you are local to one of the conveyancing solicitors in Chipping Campden you are invited in to sign documents. That being said, the lender approved solicitors we recommend offer a countrywide conveyancing service and provide as equally detailed and professional a job for you when dealing with you by post or email. The signing of the property agreement is not when everything is set in stone. A signed contract simply enables the firm to officially exchange when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Chipping Campden)to be in the office at the appropriate time.
I have been told that property searches are the primary reason for delay in Chipping Campden house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Local searches are not likely to feature in any holding up conveyancing in Chipping Campden.
It has been 3 months following my purchase conveyancing in Chipping Campden completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Chipping Campden differ for newly converted properties?
Most buyers of new build premises in Chipping Campden approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is built. This is because house builders in Chipping Campden tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Chipping Campden or who has acted in the same development.
I am due to review quotes for conveyancing in Chipping Campden from various solicitor and choose one. Should I get them to sit tight until I a suitable apartment to buy.
You should only get your property lawyer to start work and order searches after the offer has been agreed to on the property especially as Chipping Campden conveyancing searches are costly.